Steel imports increase by 5 percent in January 2013
Based on preliminary Census Bureau data, the American Iron and Steel Institute (AISI) reported that the U.S. imported a total of 2,579,000 net tons (NT) of steel in January, including 2,106,000 NT of finished steel (up 5 percent and 18 percent, respectively, vs. December final data). Year-to-date (YTD) total and finished steel imports are 2,579,000 and 2,106,000 net tons (NT), respectively, down 8 percent and 4 percent, vs. the 2,815,000 and 2,204,000 net tons (NT), respectively, for the same period in 2012.
Key finished steel products with increases in January compared to December include reinforcing bar (up 97 percent), heavy structural shapes (up 79 percent), oil country goods (up 55 percent), hot dipped galvanized sheets and strip (up 47 percent), wire rods (up 26 percent), line pipe (up 23 percent) and hot rolled bars (up 16 percent).
In January, the largest volumes of finished steel imports from offshore were from South Korea (349,000 NT, up 120 percent), China (164,000 NT, down 3 percent), Japan (139,000 NT, up 61 percent), Turkey (132,000 NT, up 170 percent) and Germany (74,000 NT, down 42 percent).